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Desjardins Personal Line of Credit

Quick facts

  • Credit limit: minimum $5,000
  • Interest rate: variable rate (based on the amount borrowed)
  • Payment schedule: daily, weekly or monthly
Get this product 10 reasons to choose Desjardins

Who should get this loan?

Borrowers who want to have a pre-approved amount available to use at any time and for any purpose. This line of credit is an excellent choice if you manage your credit well and can withstand moderate interest rate fluctuations.

Features

Interest rate
  • Variable rate based on the amount, your financial assets and collateral provided, if required.
  • Rate fluctuates in relation to the prime rate charged by financial institutions.
  • Interest is calculated on the daily balance so you only pay interest on the amount you have used.
Amount available
  • Minimum line of credit of $5,000.
  • The amount available is set based on your needs, financial situation and ability to repay.
  • You can apply to increase an existing line of credit.
Repayment
  • Loan payment frequency is flexible: daily, weekly or monthly.
  • You can choose to pay:
    • a percentage of the monthly balance;
    • a fixed or variable amount;
    • or just the monthly interest.
  • No prepayment penalties: Pay off your loan whenever you want, in part or in full, without being charged extra fees.
Access to funds
  • At an ATM, online via AccèsD Internet, by phone at 1-800-CAISSES, by cheque or at your caisse.
  • Use special cheques to directly access your line of credit without affecting the balance of your personal chequing account.
Possible uses
  • Renovate your home.
  • Pay travel expenses.
Other

Did you know

If you occasionally need financing under $5,000, Overdraft Transfer the service may be just what you need.


How to get this product
Online Online
(Members)
Apply online
By phone By phone
(Members)
Montreal area: 514-522-2373
Elsewhere in Canada and the US: 1-800-CAISSES (1-800-224-7737)
At the caisse At the caisse
Make an appointment with a caisse advisor:

Interest rate

Desjardins Personal Line of Credit
As of November 21, 2009
Amount
Rate
$5,000 to $12,500
9.75%
Other rates – Line of credit